Overview
- A Financial Times investigation published May 27 found that the council has not received any funds into the World Bank account that was supposed to administer member donations and project money.
- Council officials routed some donations into a private JPMorgan account without an independent transparency mechanism, creating opaque custody of pledged sums.
- Only small payments have been disbursed to pay the office of UN representative Nikolai Mladenov while a reported $100 million UAE pledge for a Gaza police force remains frozen.
- Four months after its launch at Davos in January, the council has not advanced core tasks such as forming an international force, disarming armed groups or starting large-scale reconstruction projects.
- The council’s funding failures deepen a gap with the scale of need in Gaza, where the UN, EU and World Bank estimate $71.4 billion is required over ten years and aid groups warn the humanitarian situation remains catastrophic.